jonah
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Post by jonah on Dec 9, 2015 11:08:33 GMT
Currently a loan which has not filled in over 4 mins on offer... *faints with surprise* That's down to: a) the bid limit being set so low (0.6% !) b) it being yet more model trains My £50 will be hitting the SM at 2% premium just as soon as the loan completes (along with plenty of others I should imagine). Interesting my plan is to offer @ 1% mark up. I don't want to be too greedy. 
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SteveT
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Post by SteveT on Dec 9, 2015 11:10:46 GMT
That's down to: a) the bid limit being set so low (0.6% !) b) it being yet more model trains My £50 will be hitting the SM at 2% premium just as soon as the loan completes (along with plenty of others I should imagine). Interesting my plan is to offer @ 1% mark up. I don't want to be too greedy. On a 13% part? The ravening (but dim) hordes will bite your arm off...
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Dec 9, 2015 11:15:30 GMT
That's down to: a) the bid limit being set so low (0.6% !) b) it being yet more model trains My £50 will be hitting the SM at 2% premium just as soon as the loan completes (along with plenty of others I should imagine). Interesting my plan is to offer @ 1% mark up. I don't want to be too greedy. ; I'm really not surprised by this behaviour. Looking at your avatar you must be this most prodigious flipper in the history of P2P 
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jonah
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Post by jonah on Dec 9, 2015 11:17:17 GMT
Interesting my plan is to offer @ 1% mark up. I don't want to be too greedy. On a 13% part? The ravening (but dim) hordes will bite your arm off... A bird in the hand etc.... I am sort of hoping that FS will make some sensible changes (see p2pindependentforum.com/post/78747/thread ) and some parts I would prefer to not be left with more than others. That said, due to real life commitments (i.e. work) FS really isn't a long term thing for me due to their 'go live' windows hence trying to be selective with what I hold. I didn't put anything into the domain offering yesterday as that really didn't meet my internal QA process and this particular one is only a little better. Still.... 37% of the offering of today still available... time for a cup of tea I feel.
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hendragon
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Post by hendragon on Dec 9, 2015 11:51:16 GMT
I wonder if some people have not bothered trying for this loan because of the previous fastfingerfests?
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Post by vithca on Dec 9, 2015 12:11:39 GMT
I actually think that FS are much closer to getting it right on this railway carriage loan. If they restrict the loan such that everybody has time to get a small chunk then there is no need for patient investors to pay a premium on the secondary market. Ok, it will take a long time to invest several thousand, but this spreads the available loans more fairly. I suspect that the allocation on this one was still too generous - as I type the progress is 76% so I doubt whether it will last the 24 hours until restrictions are lifted.
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Post by Deleted on Dec 9, 2015 12:14:40 GMT
Hard to believe that you can put "i've got too many" and "model railway carriages" in one sentence.
I avoided
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mikes1531
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Post by mikes1531 on Dec 9, 2015 15:03:32 GMT
Hard to believe that you can put "i've got too many" and "model railway carriages" in one sentence. I avoided I have too many as well, but I decided to put another £50 in and sell some of another of the loans at some time in the near future. If I can do that at a 1% premium I'd earn an extra 50p!
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mikes1531
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Post by mikes1531 on Dec 9, 2015 15:07:58 GMT
Currently a loan which has not filled in over 4 mins on offer... *faints with surprise* ... and it's still available after four hours. What a difference setting a sensible maximum investment can make. And at £50, serial flippers probably couldn't be bothered. Did anyone notice how long it took yesterday for the domain name loan to fill? I wasn't interested, so I wasn't paying attention at the time. I don't see it on the 'To Be Activated' list. Was it activated immediately after funding?
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Post by Deleted on Dec 9, 2015 16:08:42 GMT
Domain went pretty fast, but at that size, it's just a stocking filler
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ben
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Post by ben on Dec 9, 2015 16:42:08 GMT
Hard to believe that you can put "i've got too many" and "model railway carriages" in one sentence. I avoided don't worry you can get even more tomorrow
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Post by mrclondon on Dec 15, 2015 23:00:07 GMT
I think some care is needed with the Londonderry Property loans.
Firstly the obvious one - FS hope to have this drawn down before xmas but obviously can't guarantee it, which could mean a long wait for drawdown if it misses. (Worth noting other NI property p2p loans have often have last minute delays due to NI land registry being a manual process )
Then there is the NI property market which can rarely be described as anything but depressed.
But most importantly the valuations are assuming planning is granted, i.e. they contain hope value. No indication given as to value in current state.
Even with my newly found enthusiasm for flipping on the SM, I'll be leaving this one well alone. And the lack of bidding restrictions implies FS think I won't be the only one who does.
New loan to be posted Wednesday, 16th December at 4pm. Secured by a first charge on two properties in Londonderry valued at £752,000 Loan Amount: £365,000 Interest: 12% pa LTV 48.5% There will be no bid restrictions on this loan More detailsFundingSecure
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SteveT
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Post by SteveT on Dec 16, 2015 7:57:53 GMT
I'd certainly be holding off at 70% LTV but the fact that it's sub-50%, the housing association is already in place and planning risk seems pretty low in both locations (density of development being the main open question rather than principle of use) then I'll take up a modest slice.
I think the absence of an initial bid restriction is merely down to the size of the loan; conversely, no bonus rates are being offered for larger bids, which might well have been previously on FS, suggesting a degree of confidence it will fill.
[The prospect of potential early repayment after 4-5 months poses another interesting issue for the SM. I imagine that, in a few weeks' time, this loan might look relatively attractive priced at 1% premium but FS's projected yield to term calculations on the SM assume the full 6 months ....]
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SteveT
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Post by SteveT on Dec 16, 2015 9:03:31 GMT
Hmmm, the email for the £28k first tranche of the Yorkshire land loan said there would be a £150 bid limit, but the auction went live with a £500 limit. It filled rather rapidly as a result!
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Post by solicitorious on Dec 16, 2015 9:06:08 GMT
Oi! FundingSecure Can we re-run that one?  |
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